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Primary Recommendation

Hargreaves Services - Forecasts pushing strongly ahead

October 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HSP
  • Price:
  • 580p
Durham-based Hargreaves Services, a business involved in coal in one shape or another, has enjoyed impressive growth in recent years. Its range of activities includes importing coal from Russia and transporting it, as well as physically loading it onto the conveyors that feed the nation's power stations. It’s supremely effective at doing this. But the real kicker for investors is coming from what management describes as their “production operations†comprising Maltby Colliery and Monckton, the UK's only remaining coke production facility, both in South Yorkshire. The shares already have the unusual distinction of being included twice in our Sharewatch Growth Portfolio. Our second addition was in March when we pointed out that ...

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Hargreaves Services - Planning authorities to meet on 4 July (July 2011)
Hargreaves Services (March 2011)
Hargreaves Services - Decision on Tower in New Year (December 2010)
Hargreaves Services - Tower Colliery approval expected before Christmas (October 2010)
Hargreaves Services (July 2010)
Hargreaves Services - Considering merger with UK Coal (April 2010)
Hargreaves Services - Eps forecast of 105.6p for next year (March 2010)
Hargreaves - Rollout of Rokpower power plants could each add £1.4m to profit (February 2010)
Hargreaves Services - £10 looks written on the shares (October 2009)
Hargreaves - Changing mix of business (March 2009)
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Hargreaves - A star in an energy conscious world (June 2008)
Hargreaves (May 2008)
Hargreaves Services - Hedging marks latent upgrades (March 2008)
Hargreaves Services - 70% eps growth in FY08 (December 2007)
Hargreaves Services - Gain to date: 99% (October 2007)
Hargreaves (August 2007)
Hargreaves (March 2007)
Hargreaves (January 2007)
Hargreaves - Overseas move expected (October 2006)
Hargreaves Services (August 2006)
Hargreaves - Acquires bulk liquid transport fleet (July 2006)
Hargreaves - Establishes joint venture (April 2006)
Hargreaves - Meeting notes (March 2006)
Hargreaves - Attractive new issue (January 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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